About 401 Main Street
The Brownwood Cottages is a turnkey, income-producing multi-family investment consisting of 10 units across five duplexes in Brownwood, TX. Generating strong cash flow with low operating expenses, this property offers individually metered utilities (electric and water paid by tenants), low property taxes ($5,787 annually, under 7% of scheduled income), and minimal maintenance costs due to recent renovations, including updated plumbing (2023), HVAC (2020), and new appliances. With high occupancy and strong rental demand, the property benefits from its prime location near Howard Payne University and major employers. Don't miss out on this rare opportunity to acquire a stable, high-yield asset in a growing rental market.
Features of 401 Main Street
| MLS® # | 21044456 |
|---|---|
| Price | $949,000 |
| Bedrooms | 20 |
| Bathrooms | 10.00 |
| Full Baths | 10 |
| Acres | 0.49 |
| Year Built | 1990 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 401 Main Street |
|---|---|
| Subdivision | Rankin |
| City | Brownwood |
| County | Brown |
| State | TX |
| Zip Code | 76801-2964 |
Amenities
| Utilities | Asphalt, City Sewer, City Water |
|---|---|
| Parking Spaces | 20 |
| Garages | Additional Parking, Asphalt, Lighted, On Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Cable TV Available |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Construction | Frame, Siding |
| Foundation | Pillar/Post/Pier |
School Information
| District | Brownwood ISD |
|---|---|
| Elementary | Coggin |
| High | Brownwood |
Listing Details
| Agent | Paul Infinger |
|---|---|
| Office | Lone Star Home & Loan |
| Contact Info | 325-646-5979 |